Feedgrain Focus: Tight logistics, grower absence lift bids
PRICES for wheat, barley and sorghum have rallied in eastern Australia this week as traders and consumers battle to get growers to sell, and road freight remains tight.
While north-west Victoria and parts of South Australia are still waiting for planting rain, most growers in New South Wales and Queensland are flat out getting their winter crops into the ground.
In Queensland and northern NSW, many are also harvesting summer crops, and are therefore unable to take grain to port or metropolitan consumers in their own trucks.
This is putting pressure on transport operators and creating a spike in the road-freight market.
As one commentator said this week, spot loads are “nosebleed expensive”.
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